Notice of a meeting of the Supervisory Board of KD Holding d.d.

In accordance with the provisions of the Rules of the Ljubljana Stock Exchange d.d. and the ZTVP-1 (Official Gazette of the Republic of Slovenia, No. 56/99), KD Group, d.d., Ljubljana, hereby issues the following announcement:

The Supervisory Board of KD Holding d.d. held its 15th ordinary meeting on 16 December 2003. Following the approval of the minutes of the 14th meeting, it was briefed on the company’s current operations and considered the report on the company’s operations for the period from 1 January 2003 to 31 October2003, which it considers to have been successful and in line with the business plan.

The Supervisory Board also reviewed the draft business plan for 2004.



KD Holding d.d.
Management Board